Rewind back to 2013, this was the year that I decided to move out of my home and rent a place with my bf then.
We were looking at renting a whole flat, and came across one in Teban, near my family home. The rent of 1500 covered 1 living and 2 rooms.
We signed an agreement to rent for one year. In the end we stayed for two years.
During this time, we also bought a 2nd hand car. It was a Proton wira car.
During this period, I couldn't save much because I was paying around 2k for the rent and car.
When we got married, we bought our hdb in 2016 and also changed our wira to a toyota altis car. Because we could pay the housing loan instalment using cpf, this was when I finally could start to save more.
Now I could save about 45% of my take-home pay.
I beg to differ with people who advised to sell their place and rent one. Renting takes cash from your pocket whereas buying takes cpf from your pcoket.
To me, cash is king. Cpf can't feed me (cos I am just in my mid 30s) if I lost my job now. Cash can.
So to people who aren't saving alot already, I wouldn't suggest renting a place which takes more cash from you.
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